The month of July has proved particularly successful for Hamburg’s start-ups and saw five financing rounds concluded and a Hanseatic team of founders take over a start-up in Berlin. The B2B platform Fashion Cloud, founded in 2015, raised almost a double-digit million-euro sum from all existing investors in a Series B financing round. Anders Holch Povlsen’s private holding company, Brightfolk, will become its latest shareholder. The funds will allow the company to develop new products, expand its team and to drive international growth.
Expand production capacities
Vilisto raised a seven-digit sum in another round of financing based on its digital heat management solution. Apart from KIC InnoEnergy SE, the latest investors include Manfred Garz and Matthias Fricke, Managing Directors of Garz & Fricke GmbH, and Christoph Birkel, Managing Director of hit-Technopark GmbH & Co. KG. Vilisto will put the fresh capital towards expanding its team and its production capacities.
The food start-up Marmetube managed to bring the Austrian investor Square One Foods on board in return for a 13 per cent share of the company. Marmetube is obtaining capital, mentoring, access to networking and product distribution. The start-up, founded in 2016, is aiming for more growth and global sales of its tubed jam products.
Founders become investors
The FinSurTech iubel.de raised EUR 2 million from various investors including Michael Weinreich, Angel Wiskemann, Motu Ventures, the Hamburgische Investitions- und Förderbank, the German Ministry of Economics and Energy and the Bucerius Law School. Founded in 2018, the internet platform offers immediate legal protection for all spheres of life and reduces the risk of litigation costs for consumers.
Investors including Atlantic Labs, undisclosed private investors, as well as founders and managers of the start-up injected over EUR 4 million in the meta search platform in Wohnraum-Leasing OWNR in July. Plans are now being laid to raise more capital in the coming months and to acquire another 1,000 properties by late 2020.
Product portfolio expanded
The Purefood GmbH start-up took over the Berlin-based Teatox start-up in July. Purefood’s Lycka brand, under which ice cream, coffee, muesli and snacks are sold, is proving a great success. In May, Purefood GmbH secured an investment of EUR 3 million to drive product development and to branch out into new markets. Purefood’s products have a social added value as the company donates a fixed amount of each product sold to school meals in Burundi. Purefood has already provided 2 million school meals in this way.